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Veritas

512229 BSE
₹149.70 2.70 (1.84%)
Market Cap
₹401 Cr

Veritas (VERITAS) share price was ₹149.70 at the 28 Oct 2026 close; market capitalisation ₹401 Cr; sector Commercial Services. The share price fell 50.5% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 53.0% year on year to ₹897.52 Cr and net profit fell 84.8% year on year to ₹3.66 Cr (compared with Jun 2025). Promoters held 55.01% of Veritas in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 43/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹149.70 −152.65 −50.49% 1Y

Key Fundamentals

MicrocapCommercial ServicesServices
Market Cap
₹401 Cr
EBITDA
₹88.20 Cr
Return on Equity
0.69%
Debt to Equity
0.15
Book Value
₹1,068.34
EPS (TTM)
−₹0.29
52W High
₹308.00
52W Low
₹132.20

Price-based figures as of 28 Oct 2026, 16:30 IST · EPS basis: Consolidated · TTM

Peer Comparison

Commodities › Commercial Services › Trading & Distributors › Trading - Chemicals

Uniphos Enterprises
₹85.5029.38595 Cr0.264.01%0.85%0.80%526 Cr20 Cr
Vinyl Chemicals
₹245.4924.11450 Cr3.322.71%12.66%16.83%678 Cr19 Cr
Veritas (this company)
₹149.70—401 Cr0.140.03%0.69%1.47%3,424 Cr-1 Cr
Evexia Lifecare
₹1.57—348 Cr0.730.00%1.06%0.29%119 Cr2 Cr
Bhavik Enterprises
₹146.00—297 Cr1.790.00%8.18%11.33%——
Shankar Lal Rampal Dye-Chem
₹39.5913.70253 Cr2.060.13%10.99%15.60%478 Cr18 Cr
Shiv Texchem
₹106.00—246 Cr0.600.00%18.95%21.41%1,033 Cr21 Cr
Median 7 companies₹106.0024.11348 Cr0.730.03%8.18%11.33%602 Cr19 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
43 Weak
Overall score
Data confidence 93/100

Category scores

Quality Weak 39
Returns, margins, earnings quality 22%
Valuation Average 48
Cheap vs sector & own history 24%
Growth Poor 34
Sales & profit trajectory 9%
Financial Health Poor 36
Solvency, leverage, coverage 9%
Momentum Weak 40
Trend strength, vol-adjusted 12%
Ownership Average 54
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 0.14 times its book value

Weaknesses

6
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Company has a low return on equity of 4.13% over last 3 years.
  • Contingent liabilities of Rs.481 Cr.
  • Dividend payout has been low at 0.29% of profits over last 3 years
  • Company has high debtors of 246 days.

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

BearishNeutralBullish

Bearish

Bearish
8
Neutral
4
Bullish
7

Moving Averages

BearishNeutralBullish

Bearish

Bearish
6
Neutral
0
Bullish
4

Growth Rate

Revenue Growth
-24.09% lower than 3Y

change over 1 year

Net Income Growth
-82.66% lower than 3Y

change over 1 year

Cash Flow Change
-663%

change over 1 year

EBITDA Margin Change
-40.04%

change over 1 year Operating margin 2.24% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
495
941
1,324
1,095
756
916
1,642
785
587
1,006
988
532
898
Expenses
453
884
1,269
1,044
691
867
1,592
760
551
991
963
523
877
Operating Profit
42.11
56.86
55.08
50.61
64.32
48.13
50.28
24.81
35.86
15.63
24.83
9.09
20.08
OPM %
8.5%
6.04%
4.16%
4.62%
8.51%
5.26%
3.06%
3.16%
6.11%
1.55%
2.51%
1.71%
2.24%
Other Income
0.25
0.25
56.04
0.35
0.54
13.01
3.12
-10.67
2.78
-0.33
0.57
-0.28
0.53
Interest
8.36
6.33
5.85
10.58
7.59
14.05
13.16
5.41
4.57
4.39
3.23
15
5.97
Depreciation
8.78
8.91
8.96
15.89
9.43
10.1
9.95
9.94
9.97
10.31
10.52
10.52
11.03
PBT
25.22
41.87
96.31
24.49
47.84
36.99
30.29
-1.21
24.1
0.6
11.65
-16.71
3.61
Tax %
0.32%
0.62%
0.53%
0.73%
-0.48%
0.92%
1.22%
-9.09%
-0.21%
0%
6.52%
-4.67%
-1.39%
Net Profit
25.14
41.61
95.8
24.3
48.07
36.66
29.93
-1.1
24.15
0.6
10.88
-15.93
3.66
EPS (₹)
9.38
15.52
35.73
9.06
17.93
13.67
11.16
-0.41
9.01
0.22
4.06
-5.94
1.37
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,503
1,456
1,648
1,679
1,876
2,037
1,876
2,131
2,163
3,855
4,098
3,113
3,423
Expenses
1,446
1,388
1,567
1,601
1,765
1,899
1,714
1,975
2,021
3,651
3,911
3,027
3,354
Operating Profit
57
68
82
78
110
138
163
157
142
204
188
85
70
OPM %
3.8%
4.7%
5%
4.7%
6%
7%
9%
7%
7%
5%
4.6%
2.7%
2%
Other Income
0
0
2
1
12
49
4
0
5
58
6
3
0
Interest
6
6
9
7
51
35
24
19
17
31
40
27
29
Depreciation
1
1
1
1
25
30
32
32
34
43
39
41
42
PBT
50
61
73
71
46
122
111
106
96
188
114
20
-1
Tax %
4%
2%
2%
5%
6%
0%
1%
1%
1%
1%
0%
0%
—
Net Profit
48
60
71
68
44
122
109
105
95
187
114
20
-1
EPS (₹)
19.85
22.47
26.67
25.27
16.23
45.61
40.82
39.05
35.36
69.69
42.36
7.35
-0.29
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
1%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
3
3
3
3
3
3
3
3
3
3
3
Reserves
1,021
1,113
1,177
1,244
1,694
1,886
1,971
2,108
2,301
2,507
2,663
2,862
Borrowings
209
409
644
969
495
487
389
268
232
327
198
438
Other Liabilities
193
270
383
720
786
919
923
1,623
1,586
1,346
973
1,413
Total Liabilities
1,426
1,794
2,207
2,936
2,978
3,295
3,286
4,001
4,121
4,183
3,837
4,716
Fixed Assets
856
857
858
858
1,896
2,038
1,982
1,984
2,053
2,052
2,033
2,114
CWIP
84
386
730
1,316
331
334
339
342
344
349
349
349
Investments
1
1
1
1
1
1
1
1
9
10
2
1
Other Assets
485
550
618
761
751
922
964
1,674
1,715
1,772
1,454
2,251
Total Assets
1,426
1,794
2,207
2,936
2,978
3,295
3,286
4,001
4,121
4,183
3,837
4,716
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-25
156
80
279
225
145
144
121
81
56
41
-233
Investing
-85
-303
-346
-587
-77
-71
-10
27
-3
-32
19
-1
Financing
113
219
228
317
-133
-87
-130
-148
-76
-13
-39
210
Net Cash Flow
3
72
-38
9
15
-12
4
0
1
11
21
-23
Free Cash Flow
-25
-147
-266
-309
148
57
134
119
84
25
53
-233
CFO/EBITDA
-42
233
101
359
208
107
89
78
58
28
23
-271
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
84
105
113
145
105
155
178
269
278
157
114
246
Inventory Days
6
0
8
3
25
0
0
15
8
4
4
5
Days Payable
46
27
31
58
84
103
70
197
156
15
66
141
Cash Conversion Cycle
44
78
90
90
46
52
108
88
130
146
53
110
Working Capital Days
35
52
61
-26
17
39
82
70
100
123
42
77
ROCE %
7%
5%
5%
4%
4%
7%
6%
5%
5%
8%
5%
2%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Veritas insights

56 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

FIIs9.85%Promot.55.01%Public15.66%Others19.49%As ofSep 2026

Documents

Frequently Asked Questions about Veritas

What does Veritas (India) Ltd do?
Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing & Warehousing.[1]
Where is Veritas (India) Ltd (VERITAS) listed?
Veritas (India) Ltd trades under code 512229 on the BSE.
Which sector does Veritas (India) Ltd belong to?
Veritas (India) Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the market capitalisation of Veritas (India) Ltd?
Veritas (India) Ltd has a market capitalisation of ₹401.31 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Veritas (India) Ltd?
Over the last 52 weeks Veritas (India) Ltd has traded between ₹132.2 and ₹308 as of 28 Oct 2026.
Does Veritas (India) Ltd pay dividends?
Veritas (India) Ltd has a dividend yield of 0.03%.
What is the Return on Equity (ROE) of Veritas (India) Ltd?
Veritas (India) Ltd reported a return on equity of 0.69%. Its debt-to-equity ratio is 0.15.

Company Information

Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing & Warehousing.[1]

Website veritasindia.net
Face Value ₹ 1
Shares Outstanding 2,68,07,462

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